Caprock Group LLC Invests $268,000 in Eni S.p.A. (NYSE:E)

Caprock Group LLC acquired a new stake in Eni S.p.A. (NYSE:E) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,689 shares of the oil and gas exploration company’s stock, valued at approximately $268,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James & Associates grew its position in shares of ENI by 1.0% in the second quarter. Raymond James & Associates now owns 500,182 shares of the oil and gas exploration company’s stock valued at $15,401,000 after purchasing an additional 4,882 shares during the last quarter. Optiver Holding B.V. increased its position in ENI by 365.8% during the fourth quarter. Optiver Holding B.V. now owns 335,353 shares of the oil and gas exploration company’s stock worth $11,405,000 after buying an additional 263,362 shares in the last quarter. Cambiar Investors LLC increased its position in ENI by 3.2% during the second quarter. Cambiar Investors LLC now owns 197,960 shares of the oil and gas exploration company’s stock worth $6,095,000 after buying an additional 6,121 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of ENI by 25.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 174,445 shares of the oil and gas exploration company’s stock valued at $5,933,000 after acquiring an additional 34,998 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of ENI during the second quarter valued at $3,764,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a research report on Thursday, August 29th. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. StockNews.com downgraded ENI from a “buy” rating to a “hold” rating in a report on Friday. Finally, Stifel Nicolaus cut ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, ENI presently has an average rating of “Moderate Buy” and a consensus price target of $39.60.

ENI Stock Performance

Shares of E stock opened at $30.96 on Friday. The firm has a market capitalization of $52.26 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. The company has a 50 day moving average price of $31.36 and a 200 day moving average price of $31.51. Eni S.p.A. has a one year low of $28.82 and a one year high of $34.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28.

ENI (NYSE:E) last issued its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.14). ENI had a return on equity of 11.84% and a net margin of 4.21%. The firm had revenue of $24.82 billion during the quarter, compared to analysts’ expectations of $25.74 billion. Sell-side analysts anticipate that Eni S.p.A. will post 4.18 EPS for the current year.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.